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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (11701)7/22/2003 1:03:00 PM
From: J. P.Read Replies (1) of 306849
 
RE:Payment shock on 15-year mortgages

low rates and high price is great for low monthly payments but terrible if you actually want to pay off the house

Don't understand going to a 15 year under the "new paradigm" that says you carry a 30 year mortgage and pay whatever as long as you can handle the monthly payments.
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